$ARM Holdings Ltd(ARM)$ I'll take a crack at it. ARM closed higher in each of the last 5 trading sessions since May 1 (up 13% over that span) leading up to the ER. The stock is also up AH tonight so it could be higher again tomorrow. My guess is that they're going to meet or slightly beat the .305 estimate for the quarter and the stock is going to drop after earnings due to profit taking. I don't like saying that because I'm long and I also want the stock to move higher but that's how I see it. In the meantime, seeing that the stock has moved higher for the last 5 straight trading sessions and also noticing that the option premiums for this Friday are very rich, I took the occasion to sell a lot of way out of the money $35 covered calls for Friday for .85 each. That's a lot of money made for three days of doing nothing and I very much doubt that the stock is going to close anywhere near my strike on Friday. We'll see.

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  • AfraSimon
    ·05-08
    It's always nice to make money for doing nothing.
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  • zippiee
    ·05-08
    Good luck!
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  • Tom Chow
    ·05-09
    good
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